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you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on the market as we move into the end of the day. like i said on the prior show, if we get a band-aid, that is worse than getting actually letting us go over the cliff. >> why? >> because i think that if we go over the cliff, then there is clarity and everybody knows what happens, taxes here and spending there, and the only thing that can happen after that is that it can improve because the legislators will talk about cutting the taxes and raising the spending and standing up to say, what a great job we did and pat themselves on the back. if we get a band-aid, al
you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on...
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china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. >> gregg: as keynesian theory ever worked ever in the long run? >> what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven't seen it work. i don't think it's going to work. it will do one thing, raise the prices everything we spend money on today. >> gregg: good to is a you. >> arthel: and if all that doesn't work, you play the lottery. california alone raking $4.8 billion in 2012. what are the odds of that in such a fragile economy. bringing in claudia kalan with the story. >> you are right. it's not just california. in states across the country, lottery sales were thriving in 2012. according to the experts it has a lot to do with the state of the economy. >> are you going to walk away with it? >> even
china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. >> gregg: as keynesian theory ever worked ever in the long run? >> what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven't seen it work. i don't think it's going to work....
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they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our ambassador chased him down the hallway and finally cornered him long enough to say we wanted to talk. two weeks later a chinese car flying the chinese flag arrived at our embassy and brings the ambassador saying, okay, i'm ready to talk. >> but the meetings met with little progress. in the summer of 1969 with lower bureaucratic channels broken down kissinger and nixon devised a plan to go straight to the top, right to chairman mao. during a trip to pakistan they asked the president to arrange the china connection. >> nothing happened for six mo
they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our...
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if steve jobs was born in china, he would not even have a garage. we do not do enough for the people of this country or the people in a position to create jobs. data reinvest and i do not think that they should get tax breaks. creating jobs here, not overseas. host: joshua gordon? guest: i think a part of your frustration, many talk about fixing it in a mutual way. which had nothing to the deficit discussion and does not help to make lowering the deficits any easier. there are some things we need to change. in general we need to realize that if we set the country on the right path and make the right investments in technology and education, making sure we do not cut the necessary programs to do the growth, you have to make that a priority. we will be able to grow with the global economy. manufacturing has already come back to some degree. i know that apple is moving a couple of production facilities back to the united states from china. the real key is making sure that we are continuing to invest in those kinds of investments. we should also realize
if steve jobs was born in china, he would not even have a garage. we do not do enough for the people of this country or the people in a position to create jobs. data reinvest and i do not think that they should get tax breaks. creating jobs here, not overseas. host: joshua gordon? guest: i think a part of your frustration, many talk about fixing it in a mutual way. which had nothing to the deficit discussion and does not help to make lowering the deficits any easier. there are some things we...
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you're getting from your company years down the road will be taxed at 30%, or would you started in china or india where the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the united states in the future, which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies. >> that's absolutely right. apple and microsoft, for example, benefited early on from highncome individuals pumping and a few hundred thousand dollars to help those companies get started and grow. those high income people could alternively put their money in and say tax-free muni bonds. if we raise the capital gains tax rates, which people are going to say, i'd rather put my money in state muni bonds. i'm not i am not going to fund these risky growth companies, which would be terrible for the overall economy. gerri: i think your best argument is lower capital gains means more jobs. i think that is
you're getting from your company years down the road will be taxed at 30%, or would you started in china or india where the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the united states in the future, which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies....
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. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight. we hope your decision to watch our show was not a tough one. >> you are in the cnn news room, i'm martin savidge, in this weekend for fredricka witfield. this hour and throughout the day we're following breaking developments on a story that affects every single american. yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't
. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight....
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china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the negotiating pro
china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting...
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as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is that t
as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to...
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as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i do not think they should get tax breaks. if you want to give these corporate giant tax breaks given to those who want to invest in the country and create jobs. for a lower than the american businessmen. guest: i understand your frustration. part of it is the corporate tax .ode clearly needs to fix it a lot talk about fixing a and a revenue neutral way. it does not help lowering future deficits any easier. there are some things need to change. in general we need to realize that if we set our country on the bike path making the right investments in -- the right path making invest
as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i...
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is an emerging trend. 34 companies were victimized by a set of attacks originating in china in 2010. in the attacks, computer versuses were spread to corporate employees. foreign hackers constantly target u.s. companies in such ways in order to get every piece of competitive intelligence information they can. we simply cannot allow this to continue to happen. in response to this growing threat in our 2011 annual report, the u.s. intellectual property coordinator called upon congress to increase the penalties for economic espionage and this bill is consistent with that recommendation. i would like to commend the members of both sides of the aisle for their work on this bill, particularly the gentleman from texas, the chair of the committee, mr. smith, the ranking member, the gentleman from michigan, mr. conyers, the incoming chair of the judiciary committee, my colleague from virginia, mr. goodlatte and the gentleman from north carolina, mr. watt, who worked diligently on this bill and i recognize the leadership of senator lay high and i -- leahy. and i reserve the balance of my time.
is an emerging trend. 34 companies were victimized by a set of attacks originating in china in 2010. in the attacks, computer versuses were spread to corporate employees. foreign hackers constantly target u.s. companies in such ways in order to get every piece of competitive intelligence information they can. we simply cannot allow this to continue to happen. in response to this growing threat in our 2011 annual report, the u.s. intellectual property coordinator called upon congress to increase...
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communist china killed far more of those two tyrannies combined, with no christian heritage to speak of. there are serious scholars that makes serious arguments that there is something and luther's temperament that was germanic. he was no democrat. the more, the merrier. religious factions or alternative sources of social authority. what you want is a society in which the state does not monopolized social authority. >> you talked extensively about religion in the united states contributing to [inaudible] there is one particular force that think they can inflict their views on this country. they insist said it was the intention of the founding fathers to create a christian equivalent of iran, which i do not think is the case. just because you are religious, it does not make you write all the time. >> get in line with everybody else. with respect, i disagree with what you just said. the religious right, which i obviously am not a member, rose after the religious left in the form of the reverend martin luther king and jesse jackson, etc., etc. the religious right was provoked into polit
communist china killed far more of those two tyrannies combined, with no christian heritage to speak of. there are serious scholars that makes serious arguments that there is something and luther's temperament that was germanic. he was no democrat. the more, the merrier. religious factions or alternative sources of social authority. what you want is a society in which the state does not monopolized social authority. >> you talked extensively about religion in the united states...
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and, you know, i was in china and the china -- chinese leaders understand this. they don't deny their climate problem. they are engineers and they're rationale, and they don't want to be addicted to fossil fuels the way the united states is and have to protect the supply line around the world, so they are, number one in solar panels, wind power and nuclear power, building thirty nuclear power plants. so i don't -- but, of course, they do have a major problem with so many people in poverty and they're -- and they need -- they know they need to get them out of poverty or they may -- their government may not survive. so the -- of course, they're doing everything they can to raise the standard of living, but they are planning, by the middle of the century, to really have all their electricity from -- both india and china are really looking to go non-fossil fuel. but to make that happen soon enough, we have to have a price on carbon. >> well, i'm gonna touch quickly on the keystone xl pipeline then we're gonna have the audience participation. theve been an opponent of
and, you know, i was in china and the china -- chinese leaders understand this. they don't deny their climate problem. they are engineers and they're rationale, and they don't want to be addicted to fossil fuels the way the united states is and have to protect the supply line around the world, so they are, number one in solar panels, wind power and nuclear power, building thirty nuclear power plants. so i don't -- but, of course, they do have a major problem with so many people in poverty and...
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he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how people are going to look at them. a field that i write on, conservation. bill clinton was showed a note card, theodore roosevelt's national parks and it had another car card with bill clinton and had two.
he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get...
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now get a lucid by lg, free. >> from iran's nuclear ambition toss china's nationalist impulses, the new year, no doubt, will bring its own share of foreign policy challenges. here with a look at which are likely to be the biggest, wall street foreign affairs, bret, and matt. bret, the world is safer now than a year ago? >> think about it we're that much closer to a nuclear confrontation or crisis >> paul: when you have crisis and chaos there is a than opportunity for american leadership and you would need the president that has the grand strategy what do i want to see happen in the next four years and how am i going to get there. >> paul: the strategy seems to be without advertising it america withdrawal and retreat in the world. we're going to cut the defense budget and people understand it. we're pulling out of afghanistan. we're already out of iraq. we've abdicated doing anything in syria. so we're going to lead a lot less. >> we had the right strategy. i think we could have the right strategy and opportunity. >> look, there is an analogy here. in 1920s, france and britain weren't pr
now get a lucid by lg, free. >> from iran's nuclear ambition toss china's nationalist impulses, the new year, no doubt, will bring its own share of foreign policy challenges. here with a look at which are likely to be the biggest, wall street foreign affairs, bret, and matt. bret, the world is safer now than a year ago? >> think about it we're that much closer to a nuclear confrontation or crisis >> paul: when you have crisis and chaos there is a than opportunity for american...
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is that growth and innovation going to happen in the united states, or moreover seas in places like china? >> well, take the robotic device . this is a medical device. under the obama care law medical devices will be subject to attacks because they have to pay for obama care. this is the sort of thing that if we keep doing will suppress the growth of technology in this country, and then there is the issue of immigration policy. a lot of this technology drefn drefn -- t driven by engineers and silicon valley has been the result of immigration in the united states. if we don't stand in front of these things we can grow. >> thank you. >>> coming up in our second half hour a look ahead to 2013.k is the economy poised for a come back, or will slow growth and high unemployment continue to drag us down? and get ready for obama care. what you need to know as some key provisions kick in. >>> it was terrifying moments at a phoenix bank. workers arrived to find one of their co-workers with a device around her neck, but the device was harmless. she was taken hostage the night before and held against
is that growth and innovation going to happen in the united states, or moreover seas in places like china? >> well, take the robotic device . this is a medical device. under the obama care law medical devices will be subject to attacks because they have to pay for obama care. this is the sort of thing that if we keep doing will suppress the growth of technology in this country, and then there is the issue of immigration policy. a lot of this technology drefn drefn -- t driven by engineers...
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for the ice festival in china is one of the largest international ice festivals. also in norway, canada, japan. thousands of visitors expected. >> what started for a joke and arkansas. it started making snow angels in her bathing suit. no, she is making it a habit. now, she says that it is a habit. >> of our whole life is mostly a joke. and it is great!! >> and she says that in the heat of the moment she does not notice. she is only on the ground for a few moments and then goes inside for a hot bath. 8:57 taking a quick look outside this san francisco our roof cam. that stev steam -- that steve look at that steve we will be right back. steam >>> thanks for tuning in to our second hour of kron 4 news weekend.this sunday, december 30th. i'm j-r stone. joe? >> good morning, j.r. janu.... >> :we will see the temperatures with possible shower activity. with 30's hugging the coast. >>> some of the stories we're morning.dozens are displaced following an apartment fire in san francisco's mission district. and.a candlelight vigil is held for a man killed when fire on him e
for the ice festival in china is one of the largest international ice festivals. also in norway, canada, japan. thousands of visitors expected. >> what started for a joke and arkansas. it started making snow angels in her bathing suit. no, she is making it a habit. now, she says that it is a habit. >> of our whole life is mostly a joke. and it is great!! >> and she says that in the heat of the moment she does not notice. she is only on the ground for a few moments and then...